陸羽仁 金融High Tea —— 揭盅 2011-03-30

[size=4]揭盅         

港股缺乏方向，全日反反覆覆，恒指收市基本持平，穩守二萬三，收二三○六三點，微跌七點。業績期股份表現各異，電訊設備股繼續炒派送，內銀股就陸續出現回吐，中行(3988)、建行(939)跌0.14%；農行(1288)業績前跌2%。

內房績佳市不就

正如中環茶友話齋，內地收緊銀根，對銀行業務增長會有影響，投資要睇前景，就算內銀股業績好，不等如股價就有反應，內銀股出現沽壓，大抵係基於呢個因素，不過，好似重農行跌得咁勁，就真係幾嚇人。該股上市後表現理想，累積升幅跑贏其他龍頭內銀，但內地進入緊縮狀態，城鄉貸款予人風險較高的印象，結果借住業績公布後一次跌過夠。出現這種狀況，對內銀股投資氣氛不無影響。

恆大地產(3333)昨派成績表，去年收入增長7倍至458億元，純利增長超過6倍至75.9億元。扣除投資物業公平值收益及財務擔保撥回的核心業務利潤淨額，增長18倍至55億元，派末期息12.68分，大幅增長逾17倍。截至去年底集團在全國共擁有房地產項目112個，擁有9600萬平方米建築面積土地儲備。持有現金總額近200億元，增幅近四成。成績理想，但市況唔就，股價跌1%。

內房股近日都開始公佈業績，賣樓成績一樣好靚。內房股表現麻麻，主要係受房策影響。國務院要求各地公佈房價調控目標，即所謂的「漲價令」。已有39個城市公佈了房價控制目標，但上海，北京、廣州和深圳等一線城市無乜反應，臨近最後期限只有3天。

另外，上海政府規定新建保障性住房面積高於商品住房面積，平均房價會被保障房攤薄，上海房價的漲幅會低過全市年度生產總值和城鄉居民人均可支配收入的增長水準。北京、廣州和深圳到目前為止仍未肯掀底牌，市場預計北京會係最後才公佈政策的城市，而且會比其他城市都要嚴厲。

市場焦點當然係長和業績，長實(001)去年股東應佔溢利265億元，按年增長35 %，較市場預期為佳；和黃(013)截至去年底止全年盈利200億元，增長47%，每股盈利4.7元，較市場預期為佳，建議派發末期息每股1.41元，十年來首度增加派息。

睇番細啲，和黃去年度核心盈利186億元，按年增加3.2倍。由於和黃下半年加強智能手機銷售，全球3G客戶總數超過2960萬名，按年增長13%。3G業務首度錄得除稅及利息前盈利，估計未來可以持續。

和黃回復自由搏擊

和黃增加派息，代表對未來盈利增長有信心，同埋電訊業務投資高峰期過去，現金流大有改善，對於集團嚟講，未來又有好多子彈係手，可以大展拳腳。集團過去一向以增長為賣點，派息多寡本來不是好緊要，但今次增加派息，係財政改善的重要訊號。

對於和黃業績，陸羽仁之前講話看高一線，業績出嚟比市場估計為高。至於股價表現，就要睇大戶點玩，因為和黃流通量高，好多大戶會係業績前禁售期做嘢。

不過，公佈業績後，大股東不再受禁售期限制，即係話李超人同管理層可以自由搏擊，即係睇好一方有機會多咗人幫手。

近日好多股仔喪炒，昨日又有隻抽水股中國置業投資(736)狂升3.3倍，但呢類股份貨源歸邊，摸落去要小心走唔切囉。[/size]
搜尋更多相關主題的帖子: [color=#0000ff]陸羽仁[/color]

滿滿的祝福與感恩...盼能給大大滿滿的人氣與動力![url=http://x0800.com/] [/url] [url=http://www.x0800.com/] [/url] [url=http://a101.x0800.com/] [/url] [url=http://a102.x0800.com/] [/url] [url=http://a103.x0800.com/] [/url] [url=http://a104.x0800.com/] [/url] [url=http://a105.x0800.com/] [/url] [url=http://a106.x0800.com/] [/url] [url=http://a107.x0800.com/] [/url] [url=http://a108.x0800.com/] [/url] [url=http://a109.x0800.com/] [/url] [url=http://a110.x0800.com/] [/url] [url=http://a111.x0800.com/] [/url] [url=http://a112.x0800.com/] [/url] [url=http://a113.x0800.com/] [/url] [url=http://a114.x0800.com/] [/url] [url=http://a115.x0800.com/] [/url] [url=http://a116.x0800.com/] [/url] [url=http://a117.x0800.com/] [/url] [url=http://a118.x0800.com/] [/url] [url=http://a119.x0800.com/] [/url] [url=http://a120.x0800.com/] [/url] [url=http://a121.x0800.com/] [/url] [url=http://a122.x0800.com/] [/url] [url=http://a123.x0800.com/] [/url] [url=http://a124.x0800.com/] [/url] [url=http://a125.x0800.com/] [/url] [url=http://a126.x0800.com/] [/url] [url=http://a127.x0800.com/] [/url] [url=http://a128.x0800.com/] [/url] [url=http://a129.x0800.com/] [/url] [url=http://a130.x0800.com/] [/url] [url=http://a131.x0800.com/] [/url] [url=http://a132.x0800.com/] [/url] [url=http://a133.x0800.com/] [/url] [url=http://a134.x0800.com/] [/url] [url=http://a135.x0800.com/] [/url] [url=http://a136.x0800.com/] [/url] [url=http://a137.x0800.com/] [/url] [url=http://a138.x0800.com/] [/url] [url=http://a139.x0800.com/] [/url] [url=http://a140.x0800.com/] [/url] [url=http://a141.x0800.com/] [/url] [url=http://a142.x0800.com/] [/url] [url=http://a143.x0800.com/] [/url] [url=http://a144.x0800.com/] [/url] [url=http://a145.x0800.com/] [/url] [url=http://a146.x0800.com/] [/url] [url=http://a147.x0800.com/] [/url] [url=http://a148.x0800.com/] [/url] [url=http://a149.x0800.com/] [/url] [url=http://a150.x0800.com/] [/url] [url=http://a151.x0800.com/] [/url] [url=http://a152.x0800.com/] [/url] [url=http://a153.x0800.com/] [/url] [url=http://a154.x0800.com/] [/url] [url=http://a155.x0800.com/] [/url] [url=http://a156.x0800.com/] [/url] [url=http://a157.x0800.com/] [/url] [url=http://a158.x0800.com/] [/url] [url=http://a159.x0800.com/] [/url] [url=http://a160.x0800.com/] [/url] [url=http://a161.x0800.com/] [/url] [url=http://a162.x0800.com/] [/url] [url=http://a163.x0800.com/] [/url] [url=http://a164.x0800.com/] [/url] [url=http://a165.x0800.com/] [/url] [url=http://a166.x0800.com/] [/url] [url=http://a167.x0800.com/] [/url] [url=http://a168.x0800.com/] [/url] [url=http://a169.x0800.com/] [/url] [url=http://a170.x0800.com/] [/url] [url=http://a171.x0800.com/] [/url] [url=http://a172.x0800.com/] [/url] [url=http://a173.x0800.com/] [/url] [url=http://a174.x0800.com/] [/url] [url=http://a175.x0800.com/] [/url] [url=http://a176.x0800.com/] [/url] [url=http://a177.x0800.com/] [/url] [url=http://a178.x0800.com/] [/url] [url=http://a179.x0800.com/] [/url] [url=http://a180.x0800.com/] [/url] [url=http://a181.x0800.com/] [/url] [url=http://a182.x0800.com/] [/url] [url=http://a183.x0800.com/] [/url] [url=http://a184.x0800.com/] [/url] [url=http://a185.x0800.com/] [/url] [url=http://a186.x0800.com/] [/url] [url=http://a187.x0800.com/] [/url] [url=http://a188.x0800.com/] [/url] [url=http://a189.x0800.com/] [/url] [url=http://a190.x0800.com/] [/url] [url=http://a191.x0800.com/] [/url] [url=http://a192.x0800.com/] [/url] [url=http://a193.x0800.com/] [/url] [url=http://a194.x0800.com/] [/url] [url=http://a195.x0800.com/] [/url] [url=http://a196.x0800.com/] [/url] [url=http://a197.x0800.com/] [/url] [url=http://a198.x0800.com/] [/url] [url=http://a199.x0800.com/] [/url] [url=http://a200.x0800.com/] [/url] [url=http://a201.x0800.com/] [/url] [url=http://a202.x0800.com/] [/url] [url=http://a203.x0800.com/] [/url] [url=http://a204.x0800.com/] [/url] [url=http://a205.x0800.com/] [/url] [url=http://a206.x0800.com/] [/url] [url=http://a207.x0800.com/] [/url] [url=http://a208.x0800.com/] [/url] [url=http://a209.x0800.com/] [/url] [url=http://a210.x0800.com/] [/url] [url=http://a211.x0800.com/] [/url] [url=http://a212.x0800.com/] [/url] [url=http://a213.x0800.com/] [/url] [url=http://a214.x0800.com/] [/url] [url=http://a215.x0800.com/] [/url] [url=http://a216.x0800.com/] [/url] [url=http://a217.x0800.com/] [/url] [url=http://a218.x0800.com/] [/url] [url=http://a219.x0800.com/] [/url] [url=http://a220.x0800.com/] [/url] [url=http://a221.x0800.com/] [/url] [url=http://a222.x0800.com/] [/url] [url=http://a223.x0800.com/] [/url] [url=http://a224.x0800.com/] [/url] [url=http://a225.x0800.com/] [/url] [url=http://a226.x0800.com/] [/url] [url=http://a227.x0800.com/] [/url] [url=http://a228.x0800.com/] [/url] [url=http://a229.x0800.com/] [/url] [url=http://a230.x0800.com/] [/url] [url=http://a231.x0800.com/] [/url] [url=http://a232.x0800.com/] [/url] [url=http://a233.x0800.com/] [/url] [url=http://a234.x0800.com/] [/url] [url=http://a235.x0800.com/] [/url] [url=http://a236.x0800.com/] [/url] [url=http://a237.x0800.com/] [/url] [url=http://a238.x0800.com/] [/url] [url=http://a239.x0800.com/] [/url] [url=http://a240.x0800.com/] [/url] [url=http://a241.x0800.com/] [/url] [url=http://a242.x0800.com/] [/url] [url=http://a243.x0800.com/] [/url] [url=http://a244.x0800.com/] [/url] [url=http://a245.x0800.com/] [/url] [url=http://a246.x0800.com/] [/url] [url=http://a247.x0800.com/] [/url] [url=http://a248.x0800.com/] [/url] [url=http://a249.x0800.com/] [/url] [url=http://a250.x0800.com/] [/url] [url=http://a251.x0800.com/] [/url] [url=http://a252.x0800.com/] [/url] [url=http://a253.x0800.com/] [/url] [url=http://a254.x0800.com/] [/url] [url=http://a255.x0800.com/] [/url] [url=http://a256.x0800.com/] [/url] [url=http://a257.x0800.com/] [/url] [url=http://a258.x0800.com/] [/url] [url=http://a259.x0800.com/] [/url] [url=http://a260.x0800.com/] [/url] [url=http://a261.x0800.com/] [/url] [url=http://a262.x0800.com/] [/url] [url=http://a263.x0800.com/] [/url] [url=http://a264.x0800.com/] [/url] [url=http://a265.x0800.com/] [/url] [url=http://a266.x0800.com/] [/url] [url=http://a267.x0800.com/] [/url] [url=http://a268.x0800.com/] [/url] [url=http://a269.x0800.com/] [/url] [url=http://a270.x0800.com/] [/url] [url=http://a271.x0800.com/] [/url] [url=http://a272.x0800.com/] [/url] [url=http://a273.x0800.com/] [/url] [url=http://a274.x0800.com/] [/url] [url=http://a275.x0800.com/] [/url] [url=http://a276.x0800.com/] [/url] [url=http://a277.x0800.com/] [/url] [url=http://a278.x0800.com/] [/url] [url=http://a279.x0800.com/] [/url] [url=http://a280.x0800.com/] [/url] [url=http://a281.x0800.com/] [/url] [url=http://a282.x0800.com/] [/url] [url=http://a283.x0800.com/] [/url] [url=http://a284.x0800.com/] [/url] [url=http://a285.x0800.com/] [/url] [url=http://a286.x0800.com/] [/url] [url=http://a287.x0800.com/] [/url] [url=http://a288.x0800.com/] [/url] [url=http://a289.x0800.com/] [/url] [url=http://a290.x0800.com/] [/url] [url=http://a291.x0800.com/] [/url] [url=http://a292.x0800.com/] [/url] [url=http://a293.x0800.com/] [/url] [url=http://a294.x0800.com/] [/url] [url=http://a295.x0800.com/] [/url] [url=http://a296.x0800.com/] [/url] [url=http://a297.x0800.com/] [/url] [url=http://a298.x0800.com/] [/url] [url=http://a299.x0800.com/] [/url] [url=http://a300.x0800.com/] [/url] [url=http://a301.x0800.com/] [/url] [url=http://a302.x0800.com/] [/url] [url=http://a303.x0800.com/] [/url] [url=http://a304.x0800.com/] [/url] [url=http://a305.x0800.com/] [/url] [url=http://a306.x0800.com/] [/url] [url=http://a307.x0800.com/] [/url] [url=http://a308.x0800.com/] [/url] [url=http://a309.x0800.com/] [/url] [url=http://a310.x0800.com/] [/url] [url=http://a311.x0800.com/] [/url] [url=http://a312.x0800.com/] [/url] [url=http://a313.x0800.com/] [/url] [url=http://a314.x0800.com/] [/url] [url=http://a315.x0800.com/] [/url] [url=http://a316.x0800.com/] [/url] [url=http://a317.x0800.com/] [/url] [url=http://a318.x0800.com/] [/url] [url=http://a319.x0800.com/] [/url] [url=http://a320.x0800.com/] [/url] [url=http://a321.x0800.com/] [/url] [url=http://a322.x0800.com/] [/url] [url=http://a323.x0800.com/] [/url] [url=http://a324.x0800.com/] [/url] [url=http://a325.x0800.com/] [/url] [url=http://a326.x0800.com/] [/url] [url=http://a327.x0800.com/] [/url] [url=http://a328.x0800.com/] [/url] [url=http://a329.x0800.com/] [/url] [url=http://a330.x0800.com/] [/url] [url=http://a331.x0800.com/] [/url] [url=http://a332.x0800.com/] [/url] [url=http://a333.x0800.com/] [/url] [url=http://a334.x0800.com/] [/url] [url=http://a335.x0800.com/] [/url] [url=http://a336.x0800.com/] [/url] [url=http://a337.x0800.com/] [/url] [url=http://a338.x0800.com/] [/url] [url=http://a339.x0800.com/] [/url] [url=http://a340.x0800.com/] [/url] [url=http://a341.x0800.com/] [/url] [url=http://a342.x0800.com/] [/url] [url=http://a343.x0800.com/] [/url] [url=http://a344.x0800.com/] [/url] [url=http://a345.x0800.com/] [/url] [url=http://a346.x0800.com/] [/url] [url=http://a347.x0800.com/] [/url] [url=http://a348.x0800.com/] [/url] [url=http://a349.x0800.com/] [/url] [url=http://a350.x0800.com/] [/url] [url=http://a351.x0800.com/] [/url] [url=http://a352.x0800.com/] [/url] [url=http://a353.x0800.com/] [/url] [url=http://a354.x0800.com/] [/url] [url=http://a355.x0800.com/] [/url] [url=http://a356.x0800.com/] [/url] [url=http://a357.x0800.com/] [/url] [url=http://a358.x0800.com/] [/url] [url=http://a359.x0800.com/] [/url] [url=http://a360.x0800.com/] [/url] [url=http://a361.x0800.com/] [/url] [url=http://a362.x0800.com/] [/url] [url=http://a363.x0800.com/] [/url] [url=http://a364.x0800.com/] [/url] [url=http://a365.x0800.com/] [/url] [url=http://a366.x0800.com/] [/url] [url=http://a367.x0800.com/] [/url] [url=http://a368.x0800.com/] [/url] [url=http://a369.x0800.com/] [/url] [url=http://a370.x0800.com/] [/url] [url=http://a371.x0800.com/] [/url] [url=http://a372.x0800.com/] [/url] [url=http://a373.x0800.com/] [/url] [url=http://a374.x0800.com/] [/url] [url=http://a375.x0800.com/] [/url] [url=http://a376.x0800.com/] [/url] [url=http://a377.x0800.com/] [/url] [url=http://a378.x0800.com/] [/url] [url=http://a379.x0800.com/] [/url] [url=http://a380.x0800.com/] [/url] [url=http://a381.x0800.com/] [/url] [url=http://a382.x0800.com/] [/url] [url=http://a383.x0800.com/] [/url] [url=http://a384.x0800.com/] [/url] [url=http://a385.x0800.com/] [/url] [url=http://a386.x0800.com/] [/url] [url=http://a387.x0800.com/] [/url] [url=http://a388.x0800.com/] [/url] [url=http://a389.x0800.com/] [/url] [url=http://a390.x0800.com/] [/url] [url=http://a391.x0800.com/] [/url] [url=http://a392.x0800.com/] [/url] [url=http://a393.x0800.com/] [/url] [url=http://a394.x0800.com/] [/url] [url=http://a395.x0800.com/] [/url] [url=http://a396.x0800.com/] [/url] [url=http://a397.x0800.com/] [/url] [url=http://a398.x0800.com/] [/url] [url=http://a399.x0800.com/] [/url] [url=http://a400.x0800.com/] [/url] [url=http://b1.w0800.com/] [/url] [url=http://b2.w0800.com/] [/url] [url=http://b3.w0800.com/] [/url] [url=http://b4.w0800.com/] [/url] [url=http://b5.w0800.com/] [/url] [url=http://b1.x0800.com/] [/url] [url=http://b2.x0800.com/] [/url] [url=http://b3.x0800.com/] [/url] [url=http://b4.x0800.com/] [/url] [url=http://b5.x0800.com/] [/url] [url=http://b1.y0800.com/] [/url] [url=http://b2.y0800.com/] [/url] [url=http://b3.y0800.com/] [/url] [url=http://b4.y0800.com/] [/url] [url=http://b5.y0800.com/] [/url] [url=http://b1.z0800.com/] [/url] [url=http://b2.z0800.com/] [/url] [url=http://b3.z0800.com/] [/url] [url=http://b4.z0800.com/] [/url] [url=http://b5.z0800.com/] [/url]